Exploring potential collaboration opportunities to bolster farm production, a delegation led by Agriculture Secretary Francisco Tiu Laurel Jr. met with executives of Binh Dien Fertilizer Joint Stock Co. during a recent visit to Vietnam.
Binh Dien, a leading fertilizer producer, supplies 30 percent of the country’s fertilizer needs with a combined capacity of 1 million metric tons.
“We see great potential in partnering with Binh Dien. Our country stands to benefit significantly from their advanced technology and expertise in agriculture,” said Agriculture Secretary Francisco Tiu Laurel.
The DA said Binh Dien could initially agree to a distribution agreement that could eventually lead to transfer of technology and even potential investment in a manufacturing facility in the Philippines.
With Vietnam already a major rice exporter and a key supplier to the Philippines, the potential partnership could further strengthen agricultural ties between the two nations.
Binh Dien also sees the Philippine market as a strategic opportunity for international expansion. The company aims to leverage its expertise to improve agricultural practices in the Philippines while expanding its reach beyond Vietnam.
Both parties expressed optimism for a mutually beneficial partnership with potential for significant advancements in agricultural technologies.
“We have high expectations following our visit to Binh Dien’s factory. Their management and technical team’s expertise is impressive and much needed in the Philippines,” Tiu Laurel said.
